Cannon Mills Company was an American textile manufacturing company based in Kannapolis, North Carolina, that mainly produced towels and bed sheets.
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14 Facts About Cannon Mills
2.
Cannon Mills was susequently sold to Pillowtex Corporation in 1997, which entered bankruptcy in July 2003.
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3.
In 1887 James William Cannon Mills founded the Cannon Mills Manufacturing Company in Kannapolis, North Carolina.
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4.
Cannon Mills's goal was to produce a basic textile product instead of yarn or another intermediate material.
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5.
Cannon Mills's company produced towels that were sold under the brand name "Cannon Towels".
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6.
Cannon Mills laid out a plan for a small mill village with homes for the workers.
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8.
Cannon Mills donated land and money for school construction and education.
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9.
Cannon Mills donated funds to Cabarrus County to improve the main road leading to Kannapolis from Concord.
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10.
In 1917, James Cannon Mills arranged a life insurance policy for all Cannon Mills employees.
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11.
Cannon Mills did not unionize during this attempt, which left the World War I generation skeptical of labor unions.
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12.
Cannon Mills was buried at Oakwood Cemetery in downtown Concord.
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13.
Cannon Mills retired in 1962 at the age of seventy and was replaced as president by Donnell S Holt, moving up to chairman of the board.
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14.
In September, 1997, Fieldcrest-Cannon Mills was sold to the Pillowtex Corporation for $700 million.
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